PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: AIM HIGH Consulting

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Manjushree Technopack Declares Q3 Results - PAT Up by 128% - Plastic Packaging major Manjushree Technopack Ltd, the largest PET Bottles & PET Preforms Manufacturer in the country, announced the results for the quarter ended December 31, 2012 - ManjushreeIndia.com
Manjushree Technopack Declares Q3 Results - PAT Up by 128%

 

NewswireToday - /newswire/ - Hyderabad, Andhra Pradesh, India, 2013/02/04 - Plastic Packaging major Manjushree Technopack Ltd, the largest PET Bottles & PET Preforms Manufacturer in the country, announced the results for the quarter ended December 31, 2012 - ManjushreeIndia.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Packaging Equipment/Service Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Net sales: Rs. 8746 Lacs (Rs. 7081 Lacs) Growth of 24%;
• PAT: Rs. 583 Lacs (Rs. 255 Lacs) Up by 128%;
• PBT: Rs. 846 Lacs (Rs. 383 Lacs) Increase by 121%.

Plastic Packaging major Manjushree Technopack Ltd, today announced the results for the quarter ended December 31, 2012. While sales went up by 24%, Profit before Tax (PBT) grew by 121% and Profit after Tax (PAT) grew by 128%. The fully diluted EPS for the quarter stood at Rs. 4.30. The Board met on February 4th 2013 to adopt the un-audited financial results.

Speaking about the Q3 financial results, Mr. Vimal Kedia, Managing Director, Manjushree Technopack Ltd said,“We have seen consistent growth and performance across all verticals and that together with our operational efficiencies have contributed to the growth in PAT. We expect this trend to continue in the coming quarters and to close the year on a strong note. Manjushree’s new facility in Bangalore, Karnataka, is the single largest PET preform manufacturing plant in South Asia. We will continue investing in growth and we expect to see even better results in future”.

Manjushree Technopack is the largest manufacturer of PET Bottles & Preforms in the country, with the production capacity to be 80000 MTPA by Mar.’13, which is equal to 15% of the total PET consumption in India. The state-of-art automaton in the new facility will help reduce man power cost and improve efficiencies. This plant is also one of the very few LEED Platinum Certified Green Factories in India.

Some of the leading brands that Manjushree works with include Coca Cola, Pepsi, Bisleri, Cadburys, Unilever, GSK and P&G. This year saw the company adding to its portfolio, new clients like United Spirits Limited, Reckitt Benckiser, Bacardi, Diageo and Big Cola for PET Bottles and PET Preforms businesses.

About Manjushree Technopack Ltd

Bangalore based plastic packaging major, Manjushree Technopack Ltd (manjushreeindia.com), is a public limited company (listed on BSE and NSE), with over 30 years of packaging experience. Manjushree closed 2011-2012 with a turnover of Rs. 310 Crore. Involved in the manufacture of specialty plastic packaging products for domestic /export markets, it caters to the needs of leading companies in FMCG, Pharma and Food & Beverages sectors.

Established in 1984, Manjushree has built expertise in all kinds of rigid plastic packaging solutions, including - PET, PP, Multilayer-barrier containers and PET Preforms that utilize best-in-class technology from Europe, Japan and Canada. Recently it has commissioned two more state-of- the art Preform Manufacturing Systems and four blow-moulding machines to manufacture PET bottles for the beverage and bottled water industry. Further two more machines will be commissioned before March.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Packaging Equipment/Service Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AIM HIGH Consulting

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Packaging Equipment/Service articles,
CATCH Visitors via Your Competitors Announcements!


Manjushree Technopack Declares Q3 Results - PAT Up by 128%

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Priya Mathew - AIMHIGHIndia.com 
+91 40 40168439 anurita[.]aimhighindia.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AIM HIGH Consulting securities in any jurisdiction including any other companies listed or named in this release.

Packaging Equipment/Service via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AIM HIGH Consulting / Company Profile


Read Packaging Equipment/Service Most Recent Related Newswires:

Mondi Recognised in Three Categories of WWF’s Environmental Paper Awards 2016
Smurfit Kappa will Showcase its Complete System of Bag-in-Box® Packaging Solutions and Expertise for Wine At the Goodwine Trade Show in Romania
Smurfit Kappa to Acquire Saxon Packaging
Smurfit Kappa at SITEVINITECH Argentina 2016
Smurfit Kappa and Nestlé Waters Won The ‘Innovation for Business’ Category At The Prestigious Trophee de Achats
Smurfit Kappa to Exhibit its Range of Packaging Solutions for Juice and Dairy At the INDAGRA Agricultural Exhibition
Packaging Expert Takes Gold and Silver in 2016 POPAI Awards
Ampac Engineers Improved Anti-Fog Technology for Fresh Produce Packaging
Mondi Group Signs An Agreement to Acquire Beepack
Ampacs MRE Pouch Innovation Serves NASA International Space Station
Duke’s Mayonnaise and E-Z SnackPak Excel in AmeriStar and WorldStar Award Competitions
Smurfit Kappa Wins A Trio of Awards At Czech Packaging Competition
Smurfit Kappa Wins Again The Top European Innovation Recognition Award from Nestlé
Smurfit Kappa Zedek Awarded Two POPAI Awards for its Creativity and Innovation in Retail Marketing and Point-of-purchase Advertising Displays
Double Success for Smurfit Kappa At Pakstar Awards

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)